The Canada Growth Fund, CDPQ, alongside CDPQ, Investissement Québec, and BDC Capital, announced a $145 million combined commitment to MKB, a Québec growth equity firm investing in companies that advancing Canada’s energy transition. MKB is currently raising its third fund to help scale growing innovative companies in North America. Fund III will target growth-stage businesses which are commercializing proven emission reduction technologies.
“Through its cleantech funds strategy, CGF is seeking to provide further investable capital to Canadian managers to speed up the growth of Canadian cleantech champions,” stated Patrick Charbonneau, CEO of Canada Growth Fund Investment Management.
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